Which term defines the delivery of a vessel...

Question 1 of 2707066636ee728f7522a1c517946

Which term defines the delivery of a vessel to a charterer?

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Question 1 of 27070

Q

Which term defines the delivery of a vessel to a charterer?

🔍 Key Concepts

• Understand common chartering terminology used in voyage and time charters • Know what fixture or fixing a ship generally refers to in commercial practice • Differentiate between tendering notice, dispatch, and delivery of the vessel in a charter context

💭 Think About

• Which term specifically describes the moment when control/possession of the vessel passes from owner to charterer under the charter party? • Which option refers more to an agreement or contract being made, rather than the physical/operational handover of the ship? • Which term is associated with giving formal notice of readiness, and which is linked to saving time on loading/discharging?

✅ Before You Answer

• Identify which term is most directly defined in texts as delivery of the vessel to the charterer • Eliminate any term that mainly describes making the deal rather than carrying it out • Verify which option is commonly paired with the phrase notice of readiness (NOR) in charter party practice